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MARKETS / NASDAQ / CMRC
NASDAQ · SERVICES-PREPACKAGED SOFTWARE · MID CAP

Commerce.com, Inc. CMRC

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$342.3M
▲ 2.8% YoY
$-19.3M
$16.9M
▼ 25.0% YoY
In brief

What this company does

The company operates a platform that provides the infrastructure needed to run online storefronts, manage catalogs and orders, distribute product data, and develop digital content across multiple channels, supporting business-to-consumer, business-to-business and small-business use cases. As of December 31, 2025, it had 1,079 full-time employees, of whom 720 were in the United States and 359 in its international locations. The company is the parent entity for three product lines: BigCommerce, Feedonomics and Makeswift. BigCommerce is its software-as-a-service ecommerce platform, built on an open, API-first architecture that integrates with third-party technologies and supports both traditional and headless deployments. Feedonomics is its product data management and syndication platform, which lets merchants structure, optimize and distribute product data across marketplaces, advertising channels, search engines and social platforms while supporting order synchronization and workflow automation. Makeswift is its visual site-building tool that lets teams create and manage digital experiences, accelerating page creation, campaign launches and content updates. The company was originally founded in Sydney, Australia. On July 31, 2025, it changed its corporate name from BigCommerce Holdings, Inc. to Commerce.com, Inc.

Written from the business description in Commerce.com, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 2 March 2026. Every sentence was checked against that document before publication.

Growth
USD 342.3M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 342.3 · Net income -19.3
200M-50M-100M20182019202020212022202320242025
Compound annual growth
+7.0%
+17.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +17.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−6 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4.7% · Net -5.6%
-20%-40%20182019202020212022202320242025
ROE
FY2025 · ROE -53.2%
-50%-100%-150%20182019202020212022202320242025

Each USD of equity lost 53 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 16.9
8M16M-40M-80M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2020 · Dividends 12.8 · Net buybacks —
5M10M2020

Total assetsUSD 308.8M
EquityUSD 39.4M
CashUSD 44.3M
Gross debtUSD 157.0M
Net debtUSD 112.8M
Current ratio1.98×

Net debt stands at 287% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.30.30.30.30.20.20.10.1
Operating income $B−0.0−0.0−0.1−0.1−0.1−0.0−0.0−0.0
EBITDA $B−0.0−0.0−0.1−0.1−0.1−0.0−0.0−0.0
Income tax $B0.00.00.00.0−0.00.00.00.0
Net income $B−0.0−0.0−0.1−0.1−0.1−0.0−0.0−0.0
Free cash flow $B0.00.0−0.0−0.1····
EPS, diluted $−0.24−0.35−0.86−1.91−1.08−0.99−2.80−2.59
Dividend / sh $········
Payout %·····−34··
ROE %−53.2−91.8−181.6−152.1−43.2···
Shares out B0.080.080.080.07····

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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